Recent content by hairbanks_IHB

Forget the Long Beach Christmas Parade...everyone gather around for the inimitable Paraaaaaaade of Delusion.

IR, This is a great point. I keep hearing about large numbers of deadbeats living rent-free for 12, 18, or even 24 months because lenders aren't bothering to start the foreclosure process--if that's not "shadow inventory" then what is it?

WOOF. Attached files

Hi roundcorners, That Vista property your wife wants to check out is interesting. It was purchased in '93 for $225k--yet somehow, someway it's a short sale at $729,000. The only logical reason? HELOC and cash-out refi panty party, of course! And clearly none of that dough made its way into...

Sounds promising, but seriously, how long have we been reading articles like this? I'll believe it when I see it.

Kaos, Hanging off the roof? How weird. Then again, after almost two years of stress and aggravation, I'm surprised they didn't drag a huge "PENDING!" banner behind a Cessna and make passes along the beach. Will be interesting to see if the knife-catcher's ultra-jumbo financing sticks. By the...

Like a face-plant into a cactus patch.

I had never noticed it before, but a reader pointed out this message that Redfin includes for short sale listings: "This home is flagged as a short sale. We're sorry, we don't tour or write offers on short sales because of the slim chance that you'll get the home." WELL THANKS A LOT, DREAM...

That's a sweet little house. Good find, kaos. Weird: The listing description claims "NOT AN R.E.O. OR SHORT SALE, JUST PRICED LIKE ONE!" but Redfin flagged it as a short sale. How you eat $204,000 (incl. commissions) in losses without short selling confounds the hell out of me, so I'll take...

Wait. "Owner bought this house during the framing phase..."? So he paid $1,625,000 in 2005 for a house that hadn't even been completed yet? When you add the $300k haircut to the invoices for all those "top notch important details," his losses are going to be massive. One man's $40,000 custom...

The Delusional Diplomat Days on Market: 818. Hurry, this "UPGRATED" unit won't last!

LOL. It's tough to open a door when it's made out of plywood and nailed shut!

Yet another monstrosity that apparently ran out of money. 1724 Bluff "THIS PRICE IS RIDICULOUS!!OWNER SAYS SELL!!" If asking $1,995,000 for a yet-to-be-completed project is "ridiculous," then the original asking price of $4,500,000 was straight up greedtarded. The inside is gorgeous: But...

Come on squatters, pick up a paint roller!